Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consists of the following:

$ in millions		December 31
		2025		2024
Fixed-rate notes and debentures, maturing in	Interest rate
2025	2.93%	$	—	$	1,500
2026	7.75% - 7.88%	527		527
2027	3.20%	750		750
2028	3.25%	2,000		2,000
2029	4.60%	500		500
2030	4.40% - 4.65%	1,250		750
2031	7.75%	466		466
2033	4.70%	1,000		1,000
2034	4.90%	850		850
2035	5.25%	500		—
2040	5.05% - 5.15%	800		800
2043	4.75%	950		950
2045	3.85%	600		600
2047	4.03%	2,250		2,250
2050	5.25%	1,000		1,000
2053	4.95%	1,000		1,000
2054	5.20%	1,150		1,150
Other	Various	184		264
Debt issuance costs		(81)		(83)
Total long-term debt		15,696		16,274
Less: current portion(1)		534		1,582
Long-term debt, net of current portion		$	15,162	$	14,692

(1) The current portion of long-term debt is recorded in Other current liabilities in the consolidated statements of financial position.

Long-term debt maturities

Maturities of long-term debt as of December 31, 2025, are as follows:

$ in millions
Year Ending December 31
2026	$	534
2027	755
2028	2,044
2029	592
2030	1,252
Thereafter	10,621
Total principal payments	15,798
Unamortized premium on long-term debt, net of discount	(21)
Debt issuance costs	(81)
Total long-term debt	$	15,696